USDA Unveils Two Additional Hemp Insurance Programs
On Thursday, the USDA announced that in the event of natural disasters, hemp farmers would enjoy the benefit of being covered under two crop insurance programs. The first pilot program referred to as the Multi-Peril Crop Insurance would be available to farmers during the 2020 planting season, and would be accessible for farmers in several counties in 21 states. The insurance program provides coverage for farmers whose crop was lost due to weather, fire, diseases, or other natural occurrences, and the insurance program covers hemp cultivated for fiber, grain, or CBD extraction. Insurance coverage will be availed to farms that…